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Wednesday, July 8, 2015

Markets Turn Sell On Rise On Back Of Global Weakness. Our Levels Exactly Respected.

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Yesterday We Gave.

Support at 8390 for Nifty Spot. For Subscribers we gave 8465 as initial support and 8345 as final support.

Nifty Spot traded exact to our levels by hitting day’s high of 8457.50, low of 8341.40 and closed at 8363.05.

For Bank Nifty Spot 18530 as support. For Subscribers we gave 18695 as initial support and 18440 as final support.

Bank Nifty Spot traded near to our levels by hitting day’s high of 18669, low of 18403 and closed at 18463.

For Nifty Future support given at 8395. For Subscribers we gave 8470 as initial support and 8350 as final support. Nifty Future opened gap down to hit day’s high of 8464 just below our level of 8470 which acted as resistance on reversal and slipped further to hit day’s low almost exact to our last support at 8342.40 in mid noon trade. After recovering to 8433 in afternoon session, Nifty Future slipped again in last hour to 8363 and closed at 8378.

Support for Bank Nifty Future given at 18540. For Subscribers we gave 18705 as initial support and 18450 as final support. Bank Nifty Future also opened gap down at 18595 to hit day’s high of 18694, almost exact to our level of 18705 which acted as resistance in morning session and slipped to hit day’s low of 18409 around noon. Bank Nifty Future failed to accelerate afternoon recovery till 18654 and slipped again in last hour to close at 18515.

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